Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Reaches New 1-Year High – Should You Buy?

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $46.11 and last traded at $46.04, with a volume of 52295 shares. The stock had previously closed at $45.82.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

The company has a market cap of $1.63 billion, a price-to-earnings ratio of 25.09 and a beta of 0.88. The business’s fifty day moving average price is $43.17 and its 200 day moving average price is $42.72.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

A number of hedge funds have recently modified their holdings of QDPL. Nations Financial Group Inc. IA ADV raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 26,955 shares of the company’s stock worth $1,145,000 after buying an additional 310 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 15,435 shares of the company’s stock worth $620,000 after buying an additional 512 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.9% during the first quarter. Arkadios Wealth Advisors now owns 9,039 shares of the company’s stock worth $363,000 after buying an additional 813 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 54,044 shares of the company’s stock worth $2,296,000 after buying an additional 814 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.4% during the fourth quarter. Advisory Services Network LLC now owns 54,584 shares of the company’s stock worth $2,319,000 after buying an additional 1,267 shares during the last quarter.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.